IMF paper compares impact of monetary and macro-prudential policies
Research considers effects of measures in ‘systemic advanced economies’ on financial conditions
Monetary shocks in the US can have "significant and persistent effects" on financial conditions and can help increase stability in the long term, according to research published by the International Monetary Fund.
The working paper, Effects of Monetary and Macroprudential Policies on Financial Conditions: Evidence from the United States, was written by Aleksandra Zdzienicka, Sally Chen, Federico Diaz Kalan, Stefan Laseen and Katsiaryna Svirydzenka.
The authors assess how changes in monetary and
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